Page 6 - Demo

EMERGING BUSINESS PROGRAM (EBP) PARTICIPATION
Performance by development for the 2016 WHEDA Tax Credit Cycle For the period ending December 31, 2018
WHEDA measures emerging business participation during a two year construction cycle. HTCs and NMTCs awarded to WHEDA developer partners in 2016 have until December 31, 2018, to complete construction of a development receiving tax credits. The emerging business participation performance numbers presented in this report are for WHEDA’s 2016 tax credit awards for developments that completed construction by December 31, 2018.
2016 Housing Tax Credit Project Summary
EBP EBP Workforce Participation Participation Development
Tot. Emerging Business Contracts
$2,112,285 $1,929,671 $819,913 $785,837
$1,869,097 $2,255,073 $1,064,136
$997,984
$3,093,477 $3,047,355 $2,115,062 $2,175,147 $1,883,197 $1,551,914
$656,246 $0
Development
5th Street School Apartments 8Twenty Park Phase I
8Twenty Park Phase II
Beacon Avenue Cottages
Century
Building1 CityPlace Exchange @104 Grand View Townhomes Historic Garfield Redevelopment Phase 1, The Griot1 Historic Garfield School2
Madison Family Supportive Housing Madison on Broadway1 Novation Senior Apartments2 Parish School Apartments
Park Place and Westgate Apartments1 Residenences at Library Park1
Developer
County
Goal
Achieved
Hires
Gorman & Company, Inc.
Milwaukee
25%
30%
17
JT Klein Company, Inc.
Dane
25%
23%
13
JT Klein Company, Inc.
Dane
25%
26%
12
Commonwealth Development Corporation
Outagamie
15%
17%
0
Keystone Development, LLC
Milwaukee
25%
23%
4
Institutional Housing, Inc
Milwaukee
25%
38%
12
KCG Development, LLC
Fond du Lac
10%
15%
0
Horizon Development Group, Inc.
Outagamie
15%
20%
12
Maures Development Group, LLC
Milwaukee
25%
48%
12
Maures Development Group, LLC
Milwaukee
25%
58%
17
Heartland Housing, Inc.
Dane
25%
28%
14
Movin’ Out, Inc.
Dane
25%
30%
0
Bear Development, LLC
Dane
25%
29%
14
ADVOCAP, Inc.
Fond du Lac
10%
21%
0
Horizon Development Group, Inc.
Lincoln
5%
10%
0
Management Services, LLC
Kenosha
25%
0%
0
6 WHEDA Emerging Business Performance Report 2018